Yes, that's what I read, but I've never tried it, so I can't say for sure. I would think you would have to use a candy-ish fruit flavor as opposed to a more authentic fruit flavor to pair with the jolly rancher flavor, but I could be wrong about that.
If you like watermelon jolly ranchers, the TFA watermelon is truly jolly rancher-ish, so that would be a good start. You could get the TFA apple candy at the same time that wllmc mentioned so you would have 2 to get started.
Do you already have some flavorings or are you getting input before you purchase? If you already have some flavors, if you list them, someone may be able to post a recipe using what you already have.