In a large pot over medium heat, add the milk, chocolate chips, cocoa powder, granulated sugar, vanilla, cinnamon, chili powder, cayenne pepper, and salt and cook until hot.
2 cups whole milk, ¼ semi sweet chocolate chips, 2 tablespoons cocoa powder, 1 tablespoon granulated sugar, ½ teaspoon vanilla extract, ½ teaspoon cinnamon, Pinch chili powder, Pinch cayenne pepper, Pinch salt