In a small saucepan, heat honey and 3⁄4 cup water until honey dissolves; let this syrup cool.
In a large pitcher, combine lemon juice, bourbon, and 1⁄4 cup honey simple syrup.
Pour sugar into a shallow dish. Rub rims of glasses with lemon wedges and dip in sugar. Fill pitcher with ice, stir to mix well, and add more honey simple syrup as needed. Pour into glasses.