In a medium bowl, whisk together olive oil, lime juice, honey, minced garlic, cumin, chili powder, smoked paprika, salt, and black pepper until well combined.
Place the chicken breasts in a large resealable plastic bag or a shallow dish. Pour the marinade over the chicken, ensuring all pieces are well coated. Seal the bag or cover the dish and refrigerate for at least 1 hour, or up to 8 hours for more flavor.
Preheat your grill to medium-high heat. Remove the chicken from the marinade and discard the marinade.
Grill the chicken for about 6-7 minutes on each side, or until the internal temperature reaches 165°F.
Remove the chicken from the grill and let it rest for 5 minutes before slicing.
Serve the chicken garnished with chopped cilantro and lime wedges.