CVS has officially stopped selling all tobacco products

See the original posting on The Verge

CVS Caremark has officially stopped selling cigarettes and rebranded itself as CVS Health, the company announced today, delivering on a promise it made back in February.

CVS, which owns 7,700 stores nationwide, is the second-largest drug store chain in the US behind Walgreens. The decision will probably amount to $2 billion in lost revenue, according to the company, but it’s part of a shift to providing more health services through walk-in clinics. CVS is betting this new business will more than make up for the lost profits.

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