CVS pharmacy to stop selling cigarettes in stores; says doing so compromises mission

CVS pharmacy will no longer sell cigarettes and other tobacco products at more than 7,600 drugstores nationwide. CEO Larry Merlo says the company decided it

CVS Caremark plans stop selling tobacco products

CVS Caremark plans stop selling tobacco products (2/5/14)

CEDAR GROVE - CVS pharmacy will no longer sell cigarettes and other tobacco products at more than 7,600 drugstores nationwide.

CEO Larry Merlo says the company decided it can no longer sell cigarettes at places where it also provides health care.

The chain is expanding clinical care by providing flu shots and other immunizations, and says it will stop selling tobacco, a known cancer-causer, to stay true to its mission of providing health care.

President Barack Obama is praising the decision, saying the company is setting a powerful example.

Obama also said the decision will bring down health care costs and help his administration's efforts to reduce tobacco-related deaths and disease.

CVS, the nation's second-largest drugstore chain, is phasing out tobacco products by Oct. 1, which will cost the company about $2 billion in lost revenue.

The chain is the first to make such a move.

For interview on CVS's decision to stop tobacco sales, watch the clip to the left or click News 12 Extra on Optimum TV channel 612. 

advertisement | advertise on News 12

Trending Video

Video: Preparing White House for new president 'organized 1 Video: Preparing White House for new president 'organized chaos'
From a businessman in Atlantic City to president 2 From businessman to president, a look at Donald Trump's journey
Workers help build a deck for Boonton resident 3 Nonprofit group builds deck for disabled veteran
Jersey Weekend Buzz 4 Jersey Weekend Buzz
Connor Mills is today's Scholar Athlete. 5 Scholar Athlete - Connor Mills

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE