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Retail giant Walmart has announced its decision to cease cigarette sales in specific stores located in California, Florida, Arkansas, and New Mexico, Your Content has learned.
The move comes after extensive deliberation among the company’s management team regarding the sale of tobacco products.
The retail chain, which operates over 4,700 locations nationwide, plans to replace cigarette displays with self-checkout registers and introduce a grab-and-go food section in these stores.
The decision is the latest in a series of measures taken by Walmart, as in 2019, they discontinued the sale of e-cigarettes due to increasing regulatory complexities.
As news of the decision spread, several tobacco companies experienced a decline in their stock prices during early-morning trading on Monday, according to NASDAQ.
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