New Mexico Will Fund Psychedelic Treatment for Patients on Low Incomes

Treatment equity fund expected to widen psilocybin program access for low-income, rural New Mexicans

New Mexico's recently enacted state budget includes $630,000 to create the Medical Psilocybin Treatment Equity Fund to make treatment more accessible for low-income and rural residents. (Photo provided by Rudick Law Group)New Mexico is setting up the statewide medical psilocybin program to be more accessible to patients later this year with the creation of a treatment equity fund, which was signed into law last week. Psilocybin is naturally occu…

New Mexico Will Fund Psychedelic Treatment for Patients on Low Incomes

On March 11, New Mexico Governor Michelle Lujan Grisham (D) signed the budget for the upcoming fiscal year into law, and in doing so, underlined the state’s position at the vanguard of alternative mental health treatments. Embedded within the finalized appropriation is a late addition: a pioneering directive to allocate $630,000 to the state’s Psilocybin Treatment Equity Fund, newly established under New Mexico’s Medical Psilocybin Act. Confirma…

New Mexico Governor Signs Budget Bill With Funds To Provide Psychedelic Therapy Access For Low-Income People

The governor of New Mexico has signed a budget bill that provides nearly $800,000 in funding to support the state’s therapeutic psilocybin research efforts, including financial assistance to help low-income residents access treatment with the psychedelic. Gov. Michelle Lujan Grisham (D) gave final approval to the budget legislation on Wednesday that stipulates that $150,000 will go toward medical psilocybin treatment equity fund “to support medi…