Did you run the web connector so that Apache knows to send cfm files to ColdFusion for processing? Your code is solid and it should correctly render the variable. What version of ColdFusion are you running? Depending on the version, there were some problems with the connector that required grabbing some additional files and configuring it manually.
I don't believe that I have run the web connector, how would I go about doing so? Also, I am running ColdFusion 11. Thank you.
For CF11 on a Mac you should be able to follow the Unix instructions for manually setting up a the connector:
Let me know if you run into any problems. There are other options you can pass to wsconfig that might be necessary.