HIGH TIMEs –
Mar. 17, 2026 – The funding represents a big step forward in the state’s efforts to integrate psychedelic-assisted therapies into its broader behavioral health infrastructure. And the formal allocation of state funds to pay for psychedelic treatments for patients on low incomes is seen as a world first. State Senator Jeff Steinborn (D) was one of the legislative champions of the 2025 legalization of psilocybin for medical purposes. He emphasized that the state’s financial support is what will ultimately dictate the efficacy and fairness of the entire enterprise.
“I’m excited that New Mexico has taken the next step in support of our Medical Psilocybin Treatment Program,” Sen. Steinborn told Filter following the budget’s approval. “An important part of our state law was the creation of an equity fund, to ensure all New Mexicans who qualify for the program would have access to it, not just those with financial resources. Through this funding provided by the legislature and governor, as well as additional investment in research into end-of-life anxiety, we are working to launch the best evidence-based program possible.”
In addition to the equity fund allocation, the budget authorizes a supplementary $300,000 earmarked for clinical research at the University of New Mexico into treating end-of-life anxiety with psilocybin—the hallucinogenic compound found in certain mushrooms.
