Mix melted butter, buttermilk, eggs, and honey until smooth. Add dry ingredients. Mix until combined. Fold in 1 cup of shredded pepper jack cheese. Transfer the batter into a greased cast iron pan.
Sprinkle the rest of the cheese on top. Bake at 400° for 25-30 minutes until a toothpick is inserted and comes out clean. Serve with a drizzle of honey and cayenne pepper. Enjoy!