In a large mixing bowl, combine the cannabis-infused coconut oil, sugar, cinnamon, vanilla extract, and honey.
Next, add the baking soda, 1 1/2 cups of flour, and water. Stir until the mixture combines well, it will be chunky.
Add the remaining 1/2 cup of flour into the mixture. Aim to have the mixture crumbly but not too dry (add more or less flour to get the desired consistency, you want to be able to shape it).
Using the two baking sheets, lay parchment paper on top of both. Evenly split the mixture between the two sheets. First spread it out with your hands, then place another piece of parchment paper on top. Use the rolling pin to flatten the batter until it's about 1/8 inch thick.
Optional Step: Melt one or two tablespoons of the cannabis-infused coconut oil and brush over the top of the flattened batter. Then combine 1/8 cup of cane sugar and 1/2 teaspoon of cinnamon in a small bowl, then spread this evenly over the coconut oil.
Using the pizza cutter or paring knife, score the cereal into small square pieces.
Place the baking sheets in the preheated oven and bake at 375 degrees Fahrenheit for about 15 minutes, or until the infused cereal is a good shade of brown.
Allow the cereal to cool for a couple of minutes, then use the paring knife to score the square pieces again, BUT only widthwise or they may break apart. Finally, allow the pieces to cool before removing them from the tray into a jar or airtight container.