Melt butter in a large saucepan over low heat. Once melted, add the marshmallows and stir continuously until completely melted.
Stir in food coloring.
Pour melted marshmallows into the large bowl with the corn flakes. Stir until well coated.
Lay out a piece of parchment paper on your kitchen counter. Dollop spoonfuls of the cornflake mixture onto the parchment paper.
Grease your (clean) hands with butter or cooking spray. Use your fingers to shape each spoonful into an individual wreath. Top each wreath with cinnamon candies, red licorice tied into bows, or sixlets.
Allow Cornflake Wreaths to set for 20-30 minutes before removing from parchment paper.