Pop the popcorn in an air popper or in the microwave. Set aside.
Slowly melt the baking chocolate in a microwave safe bowl, starting with 30 seconds on 50% power. Stir and repeat until the chocolate is melted.
Once the chocolate is melted, add the cayenne and cinnamon and stir until blended.
Spread the popcorn out on a baking sheet lined with wax paper.
Using a fork, drizzle the chocolate evenly over the popcorn until covered to your liking.
Allow the chocolate to cool and harden, then break apart and serve.