Spread enough waxed paper out onto the counter to hold all of the popcorn.
Place the popcorn in a bowl large enough to stir the popcorn. Set aside.
Melt candy disks according to package directions. Drizzle over the popcorn and stir to coat. Sprinkle with half of the crushed candy canes; stir.
Spread the mixture out onto the waxed paper and sprinkle with remaining candy cane pieces. Allow the popcorn to cool completely. The chocolate will re-harden.
Store in an airtight container.
Notes
For a fun twist, drizzle melted chocolate candy disks over the popcorn before topping with candy cane pieces.