REDDING, Calif. -

The American Cancer Society in the Northstate said today it supports CVS Caremark’s decision to pull all tobacco products from store shelves.

"I think it's a huge step what CVS has done,” said Judi Rumsey, an American Cancer Society volunteer.

"We are still losing 480,000 people a year, annually, to smoking or some kind of smoking related issue. If we make the tobacco and their products and all the ancillary things that go along with them unavailable to them, maybe it will encourage those people that are on the border to quit," explained Rumsey.

The nation’s second-largest drugstore chain announced it estimates it will lose about $2 billion in annual revenues by removing all tobacco products.

Here's background on CVS Caremark's decision.

"It's really very important that we acknowledge that was a huge thing for CVS to decide to do,” said Relay for Life Specialist Denise D’Amico Johnson, of the American Cancer Society.

“It’s going to cost them a lot of money each year, but it is a very important and much supported decision by a lot of people right here,” explained D’Amico Johnson.

Larry J. Merlo, CVS Caremark’s President and CEO made his stance on selling tobacco quite clear, “Put simply, the sale of tobacco products is inconsistent with our purpose.”

Tobacco products are expected to be taken off store shelves by October.