Business

Mass. Movers

CVS will drop cigarettes from its shelves

CVS says the move won’t affect its 2014 forecast.

EPA

CVS says the move won’t affect its 2014 forecast.

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CVS will stop selling tobacco products as it continues to shift its focus toward being more of a health care provider. The company will phase out sales of cigarettes, cigars, and chewing tobacco by Oct. 1 in a move that will help grow its business that works with doctors, hospitals, and others to improve customers’ health. CVS is the second-largest US drugstore chain and has more than 200 stores in Massachusetts. CVS Caremark said it will lose about $2 billion in annual revenue.

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