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The first cultivated meat is approved for sale in the US
(upsidefoods.com)
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It’s pretty typical for a new product’s development to be inefficient until the processes are scaled, I wouldn’t read into it too much at the moment. Process improvements are happening at a ridiculously quick rate in this field; we’re talking on a weekly to monthly basis.
Keep in mind, too, that animal ag has a lot more money behind it than these folks, and similar to the oil companies they’re going to be spending buckets to slow the transition.