RAD stock opened lower by 3% at $9.66 in Wednesday’s trading session after Rite Aid (NYSE:RAD) announced that it will increase the minimum age requirement to buy tobacco products to 21 within the next three months.
Bryan Everett, the COO of Rite Aid, stated that raising the age requirement to buy tobacco products is a significant milestone and will help ensure that tobacco products don’t fall into the hands of minors. Everett said that the decision was reached based on research from the National Survey on Drug Use and Health, which indicated that 80% of smokers ...
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