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2 1/2 cups all-purpose flour

2 1/2 teaspoons baking powder

1/2 teaspoon salt

1 1/2 sticks unsalted butter, at room temperature

1 1/4 cups granulated sugar

3 large eggs, at room temperature

1/2 cup honey

1 1/2 teaspoon vanilla extract

1 1/2 cups milk

1 cup honey roasted peanuts, finely chopped

Vanilla Buttercream Frosting, recipe follows

32 ounces caramel popcorn with peanuts, for garnish 

Vanilla Buttercream Frosting:

2 sticks (1/2 pound) unsalted butter, at room temperature

1 teaspoon vanilla extract

4 to 6 cups powdered sugar

1 tablespoon heavy whipping cream