February 6 2014
photo by Reuters/Carlo Allegri
CVS Caremark will stop selling cigarettes and other tobacco products at its CVS/pharmacy stores beginning Oct. 1, the company announced yesterday.
Though the United States' second-largest pharmacy stands to lose $2 billion dollars in annual revenue, CVS CEO Larry J. Merlo said that selling tobacco products is at odds with the company's mission of improving health outcomes.
“Every day, we are helping millions of patients manage chronic conditions like high blood pressure, high cholesterol, and diabetes,” he said. “All of these conditions are made worse from smoking.”
The presence of cigarette displays in stores does have an effect on a person's desire to smoke, according to RAND research.