Boil one cup water. Steep tea bags and cinnamon stick for 8-10 minutes. Remove bags and stick; discard. Stir in honey. Let brewed tea cool to room temperature.
In a cocktail shaker, muddle mint leaves, cherries, and lime juice. Pour in hibiscus tea and bourbon. Add ice and shake vigorously until icy cold. Strain in two glasses over ice and garnish with mint leaves and additional cherries, as desired.