Mac Photos app doesn't offer option to share via "Copy iCloud Link" ? (and yet iPhone can...)

Unless I'm missing something, it seems like the Mac Photos app offers no feature to "Copy iCloud Link" when sharing photos, which seems like a crucial feature to be missing. The iPhone has had this feature for a long time, and it's a critical feature as it's the only way to share lots of high-res photos/videos without having to upload any new data (since they're already in the cloud on your iCloud).

I am using the very latest macOS Monterey 12.3.1, and was quite shocked to see the absence of this feature.

Anyone aware of this being hidden away somewhere in the app? Or is it genuinely not implemented yet?