CVS to pull tobacco products

|About: CVS Health Corporation (CVS)|By:, SA News Editor

CVS Caremark (CVS) will become the first retail pharmacy chain to remove tobacco products from its shelves, according to The Washington Post.

The company says the move will cost it billions in revenue, but will help it make the transition to a full-service healthcare provider as its business model evolves.

Tobacco stocks are on watch: MO, LO, RAI.