If you are using a email list in order to fulfill a contract to your members by informing them about times and so on then that is also permitted by GDPR. If a customer buys a subscription then the company in order to fulfill their side of the contract can then naturally store information to do so.
Mailing lists also has had a long history of best practices in order to not get marked as spam by the large email services. Get consent so users don't mark it as spam and allow unsubscribing. If a small yoga studio used a email list for a significant time and not been forced to do shady behavior in order to bypass spam filters, then they are almost guarantied to be compliant with GDRP.
Similar an online business has a contract when a customer buy a product or service. In order to fulfill that contract a email address is commonly used. Perfect GDPR compliant. Hard to imagine a online business before GDRP that did not have a contract with customers.