Cryptic crossword clue
It could be blooming useless, initially, if cash is wasted 7

The most common and most likely answer to this crossword clue is the 7 letter word FUCHSIA

I've seen this crossword clue in The Daily Telegraph
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Buddy explains!

The straight part
We know that "It could be blooming" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case it could be blooming = fuchsia.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does FUCHSIA mean?

FUCHSIA noun
  1. A popular garden plant, of the genus Fuchsia, of the Onagraceae family, shrubs with red, pink or purple flowers.
  2. A purplish-red colour, the color of fuchsin, an aniline dye.
FUCHSIA adjective
  1. Having a purplish-red colour.

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