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Good For Them...CVS Is Stopping Cigarette Sales

Feb 06, 2014 -- 10:22am

(Photo By: Karen Bleier - AFP/Getty Images)

 

 I'm a little biased because I hate cigarettes and smoking in general, but I'm cheering this: CVS announced yesterday that they're going to stop selling cigarettes and all other tobacco products by October 1st, at all 7,600 of their stores.  That makes them the first major drug store chain to ban tobacco sales.

And it'll cost them approximately $2 billion a year in lost sales.  Even though their revenues are around $125 billion, that's still significant.  So their decision has drawn praise from health officials.

There seems to be a method behind this that goes beyond keeping you cancer-free.

By dropping cigarettes, CVS's chief medical officer says it will make it easier to make more deals with health plans to provide primary care medical services . . . and deals with hospitals to handle urgent care patients on nights and weekends.

And those deals will be worth FAR more than the $2 billion they lose in tobacco sales. What do you think? cool Bill

 

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