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CVS to stop selling tobacco products in October 2014

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KAREN BLEIER/AFP/Getty Images

A clerk(C) stands at the cigarette counter at a CVS drugstore February 5, 2014 in Washington, DC. The second largest US drugstore chain, CVS, announced Wednesday it will stop selling cigarettes by the end of the year, a decision President Barack Obama hailed as a 'powerful example.'CVS said its 7,600 stores across the country will cease tobacco sales by October 1, despite the projected $2 billion loss the move will entail.

Convenience. Value. Service: That's what CVS stands for.

But perhaps they need an "H" in there too. The company says they are trying to become more of a health care provider. To that end, today CVS announced they would stop selling all cigarettes and tobacco products nationwide by October.

RELATED: CVS Caremark plans to stop tobacco products sales

For more on what's behind this move we're joined by Timothy Martin of the Wall Street Journal. 

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