Place the green candy melts in a microwave-safe bowl. Microwave for 30 seconds, then stir. Continue heating in 30-second intervals, stirring after each, until smooth. If the melts overheat or aren't smooth enough, add 1-2 teaspoons of coconut oil or vegetable shortening and stir well.
Holding an ice cream cone, spoon the green candy over it. Tap gently to let the excess drip back into the bowl.
While the green candy melts are still wet, place a marshmallow on top of the cone.
Place the white candy melts in a microwave-safe bowl. Microwave for 30 seconds, then stir. Continue heating in 30-second intervals, stirring after each, until smooth. If the melts overheat or aren't smooth enough, add 1-2 teaspoons of coconut oil or vegetable shortening and stir well.
Holding the cone, spoon the white candy around the rim. Tap gently to let the excess drip back into the bowl. Allow the candy to dry completely.
Set the cones on the prepared baking sheet to dry. Once dry, place one elf hat on top of the cupcake.
Notes
Kids can help with this recipe. You can have the kids spoon the green candy melts over the cone and top as desired for a fun activity.
You can make these Elf Hat Cupcakes days ahead and store them covered at room temperature until ready to serve.
Use a fork or toothpick to help steady the cones while applying the candy melts to avoid messy hands.
Allow plenty of time for the candy melts to set and dry completely before placing them on the cupcakes.
Experiment with different colors for a variety of hat styles, adding extra flair to your holiday dessert spread.
If desired, add edible glitter or sprinkles to the wet candy melts for extra decoration and festive appeal.