Drug store giant CVS Caremark announced Wednesday it will no longer sell tobacco products at its 7,600 pharmacies by Oct. 1.

CVS sells $1.5 billion in tobacco a year, but CVS officials said selling cigarettes while promoting wellness doesn't make sense.

"Selling tobacco is very inconsistent with being in that business," said Helena Foulkes, CVS's president. "We really thought about this decision as it relates to the future as a health company — it's good for customers and our company, in the long run."

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