The invention relates to the technical field of edible fungus cultivation, in particular to a Chinese medicinal herb culture medium, a preparation method thereof and a cultivation method of edible fungi. The culture medium is made by a mixture and water, wherein the mixture is manufactured by the following components by weight percent: 65 percent to 70 percent of Chinese medicinal herbs, 30 percent to 35 percent of cottonseed hulls and 2 percent to 3 percent of calcium superphosphate; and the total weight ratio of the water and the mixture is 1 : 1. In the preparation method, the Chinese medicinal herbs are used as main culture medium to cultivate the edible fungi with the efficacies of invigorating kidney and qi, nourishing a liver, reinforcing yin and tranquilization, and the like, thereby the health-care function of the edible fungi to a human body is enhanced, and the method can be used for cultivating golden mushrooms, pleurotus eryngii, bailing mushrooms, tea mushrooms, pocket-sized mushrooms, coprinus comatus, oyster mushrooms, phoenix mushrooms, ganoderma lucidum, auricularia polytricha, auricularia auricula, dictyophora indusiata, hypsizigus marmoreus, stropharia rugoso-annulata, nameko, pleurotus abalonus, fistulina hepatica, brazilian mushrooms, mushrooms, straw mushrooms and tremella. The invention also provides the preparation method of the Chinese medicinal herb culture medium and the method for cultivating the edible fungi by using the Chinese herb culture medium.