Bees wax has been utilized in the Magick of many traditions. Making wax figures for spell binding for example. What the Ancient Egyptians have to offer is probably the best info provided the source was deciphered properly. The Egyptians were one of the first peoples to keep bees and they play an important part in many myths of different cultures. The Lacandon Maya use honey etc from a species of bee that has no stinger. The honey is used to create a magickal potion called Balche . The fermentation takes place usually in a hollowed out log in the shape of a canoe ( a symbol of travel ). A kind of bark stripped from a particular tree is added that impart a psychoactive quality similar to Ecstasy.
There's lots of lore to explore...