Reindeer Munch is a simple sweet and salty snack to enjoy at holiday parties or while watching Christmas movies. This easy mix uses popcorn, Rice Chex cereal, cashews, peanut butter, pretzels and festive M&M's.
In a medium bowl microwaveable bowl, combine peanut butter and coconut oil. Microwave in 20-second increments until melted; stir until smooth.
Add popcorn, cereal, both pretzels and cashews into a large gallon sized resealable bag. Pour peanut butter mixture over. Seal bag tightly. Gently shake while pressing peanut butter mixture into cereal, until coated well.
Add powdered sugar, seal bag again and shake until coated evenly.
Pour snack mix into serving bowls, and holiday M&M's, if desired.