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Preheat grill on medium heat.
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Melt butter and dredge peach halves in butter.
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Combine cinnamon and sugar and sprinkle all over peach halves.
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Gill until slightly soft, starting with pit side about 5 minutes.
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Place marshmallow on top and close grill. Cook for 2 minutes or until marshmallows have melted and browned.
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Remove from grill, place on plates and sprinkle with granola.
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Serve immediately.