I am growing ghost peppers (bhut jolokia). They are only about a foot tall, but bushy. At the very top and ends of the branches, it appears they are beginning to flower. Is this possible with them only being about a foot tall? They seem so small. If anyone has ever grown these, please relate your experiences with this pepper!

It's possible and quite normal. Mine are only about 2 feet tall and some of the peppers are ready to harvest already.

Thanks. About how long from now (the buds of flowers just beginning) till near mature fruits? Just approximate based on your experience!

Mine took about a month from flowering to mature fruit.