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Cocaine Import Agency. A cynical re-definition of the acronym for the Central [Intelligence] Agency commonly used by conspiracy advocates. It has its roots in Air America from the Vietnam War era that established drug sales as a way for the CIA to fun black [operations] "off books". It was during the Iran-Contra affair when the CIA used the funds from [illegal arms] sales to Iran to fund support for the far right Contra rebels fighting the Sandanista communists in Nicaragua and also the support of General Noreaga of Panama who was a major cocaine trafficker as were the Contras, that this acronym had its origins.
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