In a surprising admission regarding the damaging effects of smoking to health, CVS Pharmacy announced they will stop selling all cigarette products effective October 1st.
The company says that the move could cost the company billions of dollars because cigarettes are an effective customer draw for their stores. Public health advocates praised the move saying that it was a watershed moment and they hoped that other major pharmacy chains would follow the CVS example.
The move is believed to be part of attempts by CVS to further define themselves as a health care provider and not just a pharmacy. The company has over 750 “MinuteClinics” that provide health services such as flu shots and diagnosis of common ailments like strep throat and ear infections.
The removal of cigarettes and the status as a full-fledged health care provider would allow CVS to obtain better and more profitable deals with hospitals and health insurance companies.
President Obama released a statement praising the company for their responsible decision.
