On a large baking sheet, spread out the nuts and popcorn.
Put butter and honey into a heavy sauce pan, stirring together well until it reaches a boil. Remove from heat. Drizzle this over the nuts and popcorn, stirring with a wooden spoon to coat the nuts and popcorn. Bake for 12 - 18 minutes. Remove from oven. Let cool. Break apart. Store in airtight container or zipper bags.