CVS no longer selling tobacco or cigarette products is the first move by a giant retailer and pharmacy to curb the growing health concerns in America. CVS will no longer carry any tobacco products in their stores by October 1.
When asked why is CVS no longer selling tobacco, president and CEO of CVS Caremark Larry J. Merlo told reporters:
“Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health. Put simply, the sale of tobacco products is inconsistent with our purpose.”
The move is endorsed by President Barack Obama who commended the retailer for taking a firm stance against the tobacco industry:
“As one of the largest retailers and pharmacies in America, CVS Caremark sets a powerful example, and today’s decision will help advance my administration’s efforts to reduce tobacco-related deaths, cancer, and heart disease, as well as bring down health care costs — ultimately saving lives and protecting untold numbers of families from pain and heartbreak for years to come.”
However, the tobacco industry is anything but pleased with this decision. Many tobacco executives will feel the impact of CVS banning the sale of tobacco products in their stores. According to investment analyst Nik Modi, the lack of tobacco in CVS will have a heavy financial loss for the tobacco industry as three-quarters of cigarette sales happen in convenience stores.
Other giant pharmaceutical institutions may soon jump on the bandwagon as Walgreens announced that they too are looking into getting rid of tobacco products in their stores.
Why is CVS No Longer Selling Tobacco? Pharmacy Stops Selling Cigarettes to Help America Get Healthy.