Mold candy cane. Melt Candy Cane Colorburst Candy Melts candy according to package directions. Place candy cane cutter on cookie pan. Use melted Colorburst candy in cut decorating bag to fill cutter about 3/8 in. thick. Tap to smooth. Chill until firm, about 10 to 15 minutes.
Attach pretzel. Dip 3/4 of a pretzel rod in melted light cocoa candy. Place on parchment-covered cake board. Chill until firm, about 3 to 5 minutes. Use melted candy cane Colorburst candy in cut decorating bag to drizzle over pretzel.
Assemble treats. Unmold candy from cutter. Use melted candy in cut decorating bag to attach candy cane to pretzel. Chill until firm, about 3 to 5 minutes. Write message on gift tag. Tie tag onto pretzel.