Small smoke shops in Bradenton may benefit from CVS tobacco ban
ANATEE -- Local smoke shops breathed a shallow sigh of happiness Wednesday when national retailer CVS announced its stores will no longer sell tobacco products as of October.
But with other big tobacco retailers remaining in the market, selling a pack of cigarettes may not get much easier.
CVS Caremark, the parent company of CVS Pharmacy, stated in a press release that it is getting out of the tobacco retail business because "stopping the sale of cigarettes and tobacco will make a significant difference in reducing the chronic illnesses associated with tobacco use."
The company estimates it will lose about $2 billion in revenue when it clears the last tobacco products from its shelves of 7,600 stores this fall. Bradenton is home to seven CVS stores.
Big regional and national competitors, including grocer Publix and Walgreens, remain in the retail tobacco business.