In this paper, a parametric study is presented for free vibration analysis of rotating truncated conical shells reinforced with graphene nanoplatelets (GNPs). The composite shell is considered to be composed of epoxy as the matrix and the GNPs which are distributed along the thickness direction based on the various distribution patterns. The shell is modeled based on the first-order shear deformation theory (FSDT), and effective material properties are calculated based on the Halpin-Tsai model and the rule of mixture. Incorporating centrifugal and Coriolis accelerations along with initial hoop tension, the set of the governing equations and boundary conditions are derived using Hamilton's principle and are solved numerically using generalized differential quadrature method. Convergence and accuracy of the presented solution are confirmed, and influences of various parameters on the forward and backward frequencies are investigated including circumferential mode number, boundary conditions, rotational speed, semi-vertex angle and also mass fraction, distribution pattern, width and thickness of the GNPs. It is noteworthy that for the first time, the initial hoop tension is incorporated for a rotating conical shell modeled based on the FSDT.