Preheat your oven to 300°F. Line a baking sheet with parchment paper.
In a microwave-safe bowl, combine the butter and honey. Microwave for 30 seconds until the butter is completely melted.
Stir the melted butter and honey together until smooth. Add the smoked paprika and stir until well combined.
Place the raw cashews in a large mixing bowl. Pour the warm honey mixture over the cashews.
Toss and fold the cashews with a spatula until every cashew is completely coated with the honey mixture. Make sure there are no dry spots.
Spread the coated cashews in a single layer on the prepared baking sheet. Make sure they're not piled up.
Bake for 18 minutes, until the cashews turn golden brown and the honey caramelizes.
Remove from the oven and immediately sprinkle half the salt over the cashews. Use a spatula to flip and loosen them from the parchment paper.
Sprinkle the remaining salt over the flipped cashews. Let cool completely on the baking sheet (about 30 minutes).
Once cooled, break apart any cashew clusters with your hands. Store in an airtight container at room temperature for up to 3 weeks.