CVS to discontinue tobacco sales

[McRib]

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

[ChumpChange]

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.