Preheat smoker to 250 degrees using the wood of your choice.
Preheat 12” cast iron skillet over medium to high heat. Cook bacon for 2 to 3 minutes a side.
Remove bacon pieces and place them on a plate with a paper towel to drain.
Leave bacon grease in pan and cook bacon and jalapenos 3-5 minutes stirring often until they are soft and slightly translucent.
Pour cans of beans into pan and add barbecue sauce, apple cider vinegar, brown sugar, Dijon mustard and molasses. Stir to combine.
Place slices of bacon on top of beans and place in smoker
Smoke for 3 hours or until fat has rendered from bacon and beans have thickened up. Remove from smoker and serve warm.