![]() Maybe the state legislature can finally raise the tax from an embarrassing 17 cents a pack to $2 a pack to go along with CVS Caremark’s courageous decision. 2 in the country right behind Kentucky, where 29 percent of the people in that state smoke.īut Missouri has the distinction of having the nation’s lowest cigarette tax. Missouri, Oklahoma, Louisiana, Arkansas, Mississippi and Ohio rank No. It is higher in Missouri, where 26 percent of state residents smoke, according to 2011 data. It is estimated to increase the risk of coronary heart disease two to four times, stroke by two to four times, lung cancer in men 23 times and lung cancer in women 13 times.ĬVS Caremark’s news release said that in 1965 about 42 percent of Americans were smokers. The Centers for Disease Control and Prevention notes that smoking causes more than 440,000 deaths each year in the United States. Yet for now, CVS Caremark is making headlines with its decision. The tobacco sales that CVS Caremark takes a pass on will definitely go to always nearby Walgreens Pharmacies. It’s also not as if CVS Caremark doesn’t have strong competition. The loss of that revenue also will bite hard on CVS’ bottom line. Also consider that people wanting cigarettes or other tobacco products usually pick up medicine, candy bars or booze while in drugstores. However, the company notes that it will lose $2 billion in revenue annually because of the decision. Put simply, the sale of tobacco products is inconsistent with our purpose.’ Merlo, president and chief executive of CVS Caremark, said in a prepared release Wednesday: ‘Ending the sale of cigarettes and tobacco products at CVS/pharmacy is the right thing for us to do for our customers and our company to help people on their path to better health. CVS Caremark is taking a huge risk by deciding to stop selling cigarettes and other tobacco products by Oct. ![]()
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