With the axion being a prime candidate for dark matter, there has been some recent interest in direct detection through a so called 'Ferromagnetic haloscope.' Such devices exploit the coupling between axions and electrons in the form of collective spin excitations of magnetic materials with the readout through a microwave cavity. Here, we present a new, general, theoretical treatment of such experiments in a Hamiltonian formulation for strongly coupled magnons and photons, which hybridise as cavity-magnon polaritons. Such strongly coupled systems have an extended measurable dispersive regime. Thus, we extend the analysis and operation of such experiments into the dispersive regime, which allows any ferromagnetic haloscope to achieve improved bandwidth with respect to the axion mass parameter space. This experiment was implemented in a cryogenic setup, and initial search results are presented setting laboratory limits on the axion-electron coupling strength of g aee > 3.7 × 10 −9 in the range 33.79 µeV< m a < 33.94 µeV with 95% confidence. The potential bandwidth of the Ferromagnetic haloscope was calculated to be in two bands, the first of about 1 GHz around 8.24 GHz (or 4.1 µeV mass range around 34.1 µeV) and the second of about 1.6 GHz around 10 GHz (6.6 µeV mass range around 41.4 µeV). Frequency tuning may also be easily achieved via an external magnetic field which changes the ferromagnetic resonant frequency with respect to the cavity frequency. The requirements necessary for future improvements to reach the DFSZ axion model band are discussed in the paper.