Add the coconut milk, pineapple juice, heavy cream, maraschino cherry syrup, sugar, and ice to a blender or frozen drink maker. Blend well, until drink becomes smooth, yet slushy.
Pour the mixture into goblet or daiquiri glasses. Garnish the rims of each glass with an orange slice and wedge of pineapple, if desired. Place a maraschino cherry on top of the finished piña colada, if desired. Serve immediately.
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