Melt caramel apple and light cocoa Candy Melts candy, separately, according to package directions in short dipping containers.
Insert lollipop sticks into marshmallows. Dip marshmallows completely into melted caramel apple candy. Tap marshmallows gently on edge of container to smooth and remove excess candy. Place on parchment paper-covered cake board. Chill until set, about 10 to 15 minutes.