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Balsam (Impatiens balsamina) is an annual flower that grows on thick, upright stems with light green leaves that have serrated edges. The cup-shaped flowers stretch around 1 to 3 inches across. They begin blooming in the late spring and persist all the way until frost in the fall. The flowers can be solid or bicolors, and sometimes they are spotted. Balsam has a fast growth rate and should be planted in the spring after the threat of frost has passed.