A cannabis banking risk assessment is only as useful as the assumptions behind it. For institutions that evaluated the market several years ago, many of those assumptions have changed. Cannabis markets are larger and more mature. Federal cannabis and hemp policy is moving on several fronts. Hundreds of depository institutions are already managing marijuana-related BSA obligations. Specialized infrastructure has also changed the economics and operational requirements of launching or scaling a program. None of this eliminates cannabis banking risk. It does mean that a decision based on the environment of five or six years ago may not reflect the environment institutions face in 2026.