Most shark meat is delicious, only a few are inedible or taste bad.
The meat sells for as much or more than beef. Thresher and mako are particularly desirable but sandbar, blacktip and spinner great as well.
There is ton of misinformation spun about shark consumption in America based on facts that hold true elsewhere but no here.
They are sustainably managed like most of the US other fisheries with very rare occasions of of under or over protection.
The fine line though is that the fishery is sustainable at current levels (with exceptions like makos; closing the door on them was overdue). There are new stock assessments going for some species to see what the current status is, although this is somewhat complicated by the fact that most shark species are managed by group (e.g. in the Atlantic blacktips, bulls, silkys, lemons, and tigers are all managed under Large Coastal Sharks and share a pooled quota; hammerheads are a linked quota that essentially functions as a bycatch limiter - if the hammerheads get close to quota, the entire LCS gets shut down). What dings the profitability is that while the price may be similar to beef, a cattle farmer can put a ****ton of beef on the market in a year. If the entire Atlantic LCS fishery caught its annual 372,552-lb dressed weight quota (not counting hammerheads) and sold it at average price, that's $450,787.92. The cattle farmer also isn't paying for dockage and boat gas, or limited to collecting 55 head of cattle per trip. This is why the landings are dominated by a limited number of "highliners," and why the shark fin trade essentially acts to subsidize the fishery. The past several years the landings haven't met quota for Atlantic LCS, which has sparked some handwringing among those who worship at the altar of maximum sustainable yield.
What I'm hearing now when I tune into the NOAA HMS meetings is a two-pronged argument; the "Let's Tax the Tax Man" types arguing that shark fishing should be increased to knock down the populations (i.e., the opposite of sustainable fishing and undoing the last 25 years of management), and commercial shark fishermen trying to use that as an opening to get concessions like longlining in state waters or bypassing the stock assessment prerequisite to increase quotas. While NMFS has made some moves within the current regulatory framework like adjusting the opening dates and trip limits, as well as putting out the "sustainable fishery" argument (PR statements that sound like a cross between the old "underutilized resource" rhetoric and a Chick-Fil-A billboard, publicly pissing on the fin trade ban campaigns), they're also being pretty good about swatting down the nuttier suggestions. I think the last time I called into an Advisory Panel meeting one guy commented that sharks were "piling up like a cold plate of molasses an' this shark doesn't know it's supposed to be a Maryland shark instead of a Carolina shark;" I couldn't help but chime in to remind everyone that this was the
Highly Migratory Species Advisory Panel and that the sharks do in fact move around quite a bit.
I don't envy NMFS for the amount of dross they have to sort through from all sides; some on the conservation side still can't seem to match their talking points to current reality (had to correct one guy recently who was referring to an Advisory Panel member as "the head of Highly Migratory Species," cue eyeroll) and if you listen to some fishermen talk, a man can't reel in a fish from Maine 'round to Texas without getting sharked (funny how I see people on the fishing forums absolutely crushing it a lot more than I see people kvetching about sharks).