Chicago Style Caramel Cheddar Popcorn

Ingredients

• 1 (3.3-oz.) bag unsalted or lightly salted microwave popcorn, popped (about 10 cups; see Cook’s Note)
• ¼ cup honey
• 1 cup (packed; 200 g) dark brown sugar
• 5 Tbsp. unsalted butter
• 1 tsp. baking soda
• 1 tsp. Diamond Crystal or ½ tsp. Morton kosher salt
• 1 (3.3-oz.) bag unsalted or lightly salted microwave popcorn, popped (about 10 cups; see Cook’s Note)
• 4 Tbsp. unsalted butter, melted, slightly cooled
• 1 tsp. English mustard powder (such as Colman’s)
• ¾ cup cheddar cheese powder, divided
• 1½ tsp. Diamond Crystal or ¾ tsp. Morton Kosher salt
• A candy thermometer

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