from Smuggler's Cove
Bring the water to a boil in a large saucepan. Add the sugar and stir with a whisk (or use an immersion blender) until dissolved, about 1 minute (the water should become clear such that you can see the bottom of the pot). stir in the molasses. Immediately remove from heat and let cool. pour into a lidded bottle or other sealable container and store in the refrigerator. The syrup will keep, refrigerated, for several weeks.