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If lab-grown meat Isn’t vegan then what’s the point?

Okay, I've got a legit question I can't stop thinking about. What exactly is lab-grown meat and why are we producing it if it's not even vegan or plant-based? From what I understand, it's real animal meat, but grown from cells in a lab instead of coming from an actual animal. So it's not fake meat like Beyond or Impossible, but it's also not cruelty-free...