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Obama praises CVS for pulling tobacco from shelves; chain to lose $2B in revenue

February 5th, 2014 7:34 am by Associated Press

Obama praises CVS for pulling tobacco from shelves; chain to lose $2B in revenue

Marlboro cigarettes are on display in a CVS store in Pittsburgh. (AP Photo/Gene J. Puskar, File)

WASHINGTON (AP) — President Barack Obama is praising CVS Caremark for its decision to stop selling tobacco products at its drugstores.

Obama says CVS is setting a "powerful example," and says the decision will help his administration's efforts to reduce tobacco-related deaths and disease and bring down health care costs.

Obama is a former cigarette smoker. First lady Michelle Obama said in 2011 that her husband had finally kicked the habit.

CVS Caremark, the nation's second-largest drugstore chain, said Wednesday that it will phase out cigarettes, cigars and chewing tobacco by Oct. 1, a move that will cost it about $2 billion in annual revenue.

Obama, in a statement released Wednesday by the White House, says CVS new policy "will have a profoundly positive impact on the health of our country."


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