Treatment equity fund expected to expand psilocybin program access for low-income New Mexicans

New Mexico's 2026 budget includes $630,000 to create a Medical Psilocybin Treatment Equity Fund aimed at improving access for low-income and rural residents, while state officials and the Psilocybin Advisory Board work on rules as they aim to open the medical psilocybin program by the end of 2026.

New Mexico added a treatment equity fund to its 2026 budget to broaden access to the state’s medical psilocybin program. Governor Michelle Lujan Grisham signed House Bill 2 on March 10, which included $630,000 to create the Medical Psilocybin Treatment Equity Fund. The program itself was established last year by the Medical Psilocybin Act (Senate Bill 219) to provide qualifying patients additional treatment options for conditions such as treatment-resistant depression, PTSD, substance use disorders and end-of-life care. State health officials and the Psilocybin Advisory Board are working through rulemaking as they aim to open the program by the end of 2026. Key details: - $630,000 was allocated in House Bill 2 to create the Medical Psilocybin Treatment Equity Fund. - The fund is intended to increase access for low-income and rural New Mexicans. - The Medical Psilocybin Act (Senate Bill 219) created the statewide medical psilocybin program last year and sets a Dec. 31, 2027 deadline for implementation. - Health officials announced in December 2025 that they are aiming to open the program by the end of 2026. - The Psilocybin Advisory Board is completing rulemaking on topics including propagation, dosage, administration, research and training. - House Bill 2 also provided funds to the University of New Mexico for psilocybin research on palliative and end-of-life care. Summary: The funding is intended to reduce financial barriers so more low-income and rural residents can access medical psilocybin treatment. The advisory board's rulemaking and the state's timeline — with a 2026 opening target and a 2027 implementation deadline — are part of the remaining preparations before the program begins operation.