Slice the peaches into 1/4-inch strips.
Combine peaches, water, and 2 tablespoons of cinnamon in a pan.
Cover and cook over medium-low heat for 10 minutes, or until peaches are softened but not mushy.
Cut the sweet rolls in half horizontally, creating two halves per roll.
Place one roll bottom on a plate.
Top with a scoop of vegan cool whip.
Add the softened peaches over the cool whip.
Add the top of the roll.
In a bowl, whisk together peanut butter, maple syrup, and enough water or plant-based milk until the desired consistency is reached for drizzling.
Drizzle the icing over the top of each assembled shortcake.
Sprinkle with remaining cinnamon for garnish.
Enjoy your delicious dairy-free peach shortcake!