Florida’s Ban On Lab-Grown Meat Might Hurt US Competitiveness – The Average Joe

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    Florida’s Ban On Lab-Grown Meat Might Hurt US Competitiveness

    Rhea Lobo

    May 21, 2024

    Where’s the (lab-grown) beef? Not in Florida’s future, thanks to a new ban. Florida Governor Ron DeSantis recently signed legislation prohibiting lab-grown meat, calling it a “threat” to the state’s agriculture industry, which ranks ninth nationally for beef production. Florida is the first US state to ban cultivated meat, potentially setting a trend that could harm the burgeoning faux meat industry.

    • This ban still allows plant-based meats from companies like Beyond Meat ($BYND) and Impossible Foods but prohibits meat made in labs.
    • Critics, including innovators and venture capitalists, argue this move could damage Florida’s startup ecosystem and put the US behind pioneers like Singapore and China.

    The impact? Following Florida’s decision, Alabama enacted similar legislation, and five more Republican-led states might follow suit. This could benefit traditional meat producers but harm the environment since livestock production contributes 12% of global pollution. Vow CEO George Peppou called the ban an “own goal,”  warning that the US could lose its competitive edge in another critical technology sector, just like semiconductors.

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