Melt the coconut oil and place it with 1 cup of the shredded coconut in a food processor. Process on high speed, scraping down the sides periodically until it reaches a paste-like consistency. (It does not have to be completely smooth like coconut butter; some texture is good.)
Add the honey, coconut milk, vanilla, cinnamon, and salt and process until well combined. Add 1/2 cup plus 2 Tablespoons of shredded coconut and pulse until just combined.
Shape the mixture into 12 (1-inch) balls and coat with the remaining 2 Tablespoons of shredded coconut. Refrigerate for at least an hour and up to 5 days. Eat cold or bring to room temperature before eating, depending on personal preference.
Makes 12 Coconut Snowballs.
Swap the honey with pure maple syrup to make these vegan.