• linkedin
  • Increase Font
  • Sharebar

    CVS to stop selling tobacco products in October

    The first major pharmacy chain in the United States to ban nicotine

     

    CVS Caremark expects to lose about $2 billion in revenues annually from tobacco customers—about 3% of earnings, but does not believe the company’s 2014 operating profit outlook will change. “The company has identified incremental opportunities that are expected to offset the profitability impact,” said Merlo. However, he would not elaborate on those opportunities at this time.

    The American Pharmacists Association and the American Society of Health-System Pharmacists commended CVS Caremark in their decision to remove tobacco products from its pharmacies. Both pharmacy organizations have long advocated that the pharmacy industry refrain from selling these products that are known to cause disease and premature death.

    In addition, Philip P. Burgess, RPh, DPh, MBA, chairman of the Illinois State Board of Pharmacy, was pleased with this latest development by CVS Caremark.

    "I applaud CVS for the stance they have taken. As the profession of pharmacy continues to evolve, pharmacists should be at the forefront of advocating for limiting consumer access to products that use has negative healthcare consequences," said Burgess, who is also a Drug Topics editorial advisor.

    Julia Talsma, Content Channel Director
    Julia Talsma is lead editor for Drug Topics magazine.

    3 Comments

    You must be signed in to leave a comment. Registering is fast and free!

    All comments must follow the ModernMedicine Network community rules and terms of use, and will be moderated. ModernMedicine reserves the right to use the comments we receive, in whole or in part,in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

    • Anonymous
      One wonders if this isn't atonement for the company's very recent citations for billing fraud and failure to counsel patients. Praise for this action should probably be reserved when it's demonstrated that this company is truly capable of cleaning up its act. It was hilarious to read the kudos they got from the White House knowing that just last year they were settling cases involving the defrauding of Federal programs. Maybe I'd feel better if they stopped selling liquor and candy too.
    • BobKatz
      Kudos to CVS. Hope the other chains follow the example of CVS. I often wondered how you could promote good health by selling unhealthy products
    • BarryBrewer
      This is all fine and good, but Shopko stores stopped selling tobacco procducts 7 or 8 years ago. They are only regional however, North Central US, so no press coverage.