What Are the Real Costs of a Tobacco Ban?

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March 17 (Bloomberg) -- Bloomberg's Olivia Sterns reports on the call for retailers to quit tobacco. She speaks with Matt Miller and Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

When he suggests i do something i always do it.

It is interesting you say that.

There is no binding legal power.

It is of going after pharmacies, cvs or voluntarily offered to stop selling tobacco products.

They are also reaching out to walmart and kroger.

It is interesting.

I spoke to retail analysts and pharmacy analysts.

The other pharmacies are very likely to follow in the footsteps.

After cbs did that, it was just a matter of time before they did it.

Why should the local street corner question mark ? they make so much money.

When the attorney general asks there --the making a lot of money.

Cigarettes are very low margin business.

They would take a hit to the top line but have less of an impact on the bottom line.

He said he thinks it would do this it they were to phase it out.

This is a smaller business.

Cvs saved it.

It will cost them about 2 billion.

This is only the direct sales number.

They make a lot more money when they sell cancer medicines.

You are halfway right.

You going to buy a pack of smokes but perhaps you buy a coke in some gum and to pick up some other more profitable things.

He made the point that if they can find other over-the-counter items that actually have a higher profit margin, things that treat chronic diseases the impact will be very manageable.

You know how i feel about cigarettes.

They're bad for you.

The smell horrendous.

I have no use for them.

Why don't we just ban them altogether?

I didn't think you should ban something.

It is a free country.

They are just classless.

We will be back with more "street smart" after this.

This text has been automatically generated. It may not be 100% accurate.


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