CVS to discontinue tobacco sales

**Stainless** · 02-05-2014, 10:38 AM

Who can afford to smoke at these prices? Isn't most of the price a sin tax?

CH3NO2

GRADS · 02-05-2014, 10:43 AM

Jet Boaters are gonna be pissed.....

**Stainless** · 02-05-2014, 10:53 AM

Originally Posted by GRADS

Jet Boaters are gonna be pissed.....

That went over my head, can you explain?

CH3NO2

**ChumpChange** · 02-05-2014, 11:17 AM

Originally Posted by GRADS

Jet Boaters are gonna be pissed.....

You mean Roll Boaters?

**McRib** · 02-05-2014, 11:24 AM

Cvs is saying this is a 2 billion dollar a year decision. I doubt investors are gonna let this happen for long

**ChumpChange** · 02-05-2014, 11:28 AM

Originally Posted by McRib

Cvs is saying this is a 2 billion dollar a year decision. I doubt investors are gonna let this happen for long

To to the top line. I'm betting very little of that $2Billion makes it to the bottom. As stated, high gross, low margin product. There's a lot of capital used in selling tobacco. There are no terms to the state. For the wholesalers with a stamp, the minute you stamp it, the taxes are owed. It's a crazy business.