Its G. Glycerin. Vegetable glycerin is specifically glycerin made from vegetable oils. Glycerin can also be made from animal fats, or synthetically. The CVS glycerin is fine, perfectly safe, and may well be VG, but if it is not specified, it could be from animal or synthetic. Technically glycerin is glycerin, but the difference is in that last fraction of a percent, which will depend on the source and method of production. Some people have no problems with it at all. Others, me included, find there are other brands that just taste better, but its a very subtle difference. I personally like Heritage brand VG (Whole Foods). The CVS to me was a touch chemically tasting, but many are perfectly happy with it.