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CVS Caremark plans to stop tobacco products sales

Tuesday, February 11, 2014 5:24
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(Before It's News)

Last week, a leading national pharmacy chain, CVS, announced it was going to cease tobacco sales. It’s estimated the decision will cost them about $2.0 billion in lost revenue, but the move is about more than money—it’s about saving lives (or so they say).

The concept of selling cigarettes in a pharmacy always baffled me. In Canada, for example, pharmacies don’t sell cigarettes. And why would they? The concept seems contradictory at its very essence.

But what’s most interesting to me is that the president of CVS told CNBC news that “we (CVS) made this decision because we are positioning ourselves as a healthcare company.”

Really? A healthcare company that still sells candy, sodas and other sugary drinks, processed foods, booze, and drugs that come with a list of warnings that would stretch for miles?

Read More: CVS Caremark plans to stop tobacco products sales

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