Use o attributo query da tag. Fazendo assim, voce vai iterar sobre a tag cfmail para cada linha da query. Voce deve especificar a coluna da query que contem o endereço de email apropriado no attributo TO do cfmail.
<!--- query the database to find out who needs the email ---> <cfquery name="getEmailAddresses" dataSource="#theDSN#"> SELECT emailAddress FROM tblUsers </cfquery> <!--- set up variables ---> <cfset variables.msg = "this is a test message"> <cfset variables.subject = "test subject"> <cfset variables.from = "[email protected]"> <cfset variables.server= "mail.ohMy.com"> <cfmail from="#variables.from#" subject="#variables.subject#" query="getEmailAddresses" to="#emailAddress#" server="#variables.server#"> #variables.msg# </cfmail>