Going from one end to the other, wrap bacon around each corn and secure with toothpicks. Set aside.
In a food processor or blender, pulse chipotle peppers until smooth. In a bowl, combine pureed peppers, honey, and butter.
Spray grates of grill with cooking spray and set over medium-hot coals. Liberally brush bacon-wrapped corn with chipotle-honey glaze and arrange on grill. Grill corn, turning every 2 to 3 minutes and basting regularly with glaze, for about 20 to 25 minutes or until corn is cooked and bacon is crisp. Serve immediately.