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Step 1
Line a baking sheet with parchment. Put the popcorn in a bowl large enough to toss it with the melted marshmallows.
Step 2
Combine the marshmallows and butter in a medium microwave-safe bowl. Microwave in 20-second intervals at 50 percent power until the marshmallows are puffed and melted inside, about 1 minute. Add the vanilla and food coloring and stir until smooth and bright green.
Step 3
Pour the marshmallow mixture over the popcorn and stir with a spatula to combine. Coat your hands well with cooking spray. Use your hands to toss and finish combining. Let the mixture cool for a few minutes, then sprinkle in half of the candy-coated chocolates and mix. Add the remaining chocolates, mixing to combine evenly.
Step 4
Divide the mixture into 12 portions (about 1 cup each). Pat into balls, then flatten slightly and use your thumb to make a hole in the center, similar to a wreath. Place on the prepared baking sheet.
Step 5
To make the bows, cut 12 thin strips (about 1/8 inch thick) from the fruit leather and loop into bows. Place one at the bottom of each wreath.