Some types of polyps, like hyperplastic polyps, which grow near the end of the colon, remain benign, meaning they are not cancerous. The adenomatous polyps, however, can become cancerous over time, (also called pre-cancerous). Sessile serrated polyps and traditional serrated adenomas have a higher risk of developing into CRC.
If a polyp is larger than 1cm or if multiple polyps are present, it may suggest that a person is at a high risk of developing CRC. If a polyp becomes cancerous, it can grow into the wall of the colon or rectum and eventually grow into the blood vessels or lymph vessels. This is how the cancer can spread to other organs in the body (metastasis).
Additional information on polyps and their risks can be found here.