Yes we can call stored procedures by using <cfquery> tag. Below code depicts how to call a my SQL stored procedure by using <cfquery>.
<cfquery datasource="ebms" name="k">
CALL ebmsSP_getOptedOutEmployeeList
(
<cfqueryparam value="1" cfsqltype="cf_sql_integer" >,
<cfqueryparam value="1" cfsqltype="cf_sql_integer" >,
<cfqueryparam value="Y" cfsqltype="cf_sql_char">
);
</cfquery>